Despite a collapse in oil prices, aging infrastructures, and a global pandemic, the promise of sustainable energy remains.
Yet, challenges continue. In response to COVID-19 and the massive pivot to remote work, there have been significant spikes in residential energy usage. It is essential that critical utility workers, similar to healthcare first-responders, be in the field to provide services to that remote workforce: lights need to be on, Wi-Fi connections need to be strong, and control centers for renewables must be secured.
Regina Mayor, KPMG’s Global and U.S. Head of Energy, sat down with Jim Torgerson, CEO of Avangrid, to discuss future scenarios and energy considerations of a prolonged lockdown, as well as:
- Why offshore wind will be a major driver of Avangrid’s future growth
- How powerful state mandates impact requirements for renewable energy
- Ways in which renewable energy is influencing climate change conversations
- Capacity factors of solar and wind energy
- Why despite expectations of reduced energy usage, a stronger energy industry – whether electricity, gas, or renewables - will emerge from the pandemic.
The views and opinions expressed herein are those of the interviewees and do not necessarily represent the views and opinions of KPMG LLP